How are business plans used in health care? Check all that apply.
-identifying a consumer market
-establishing goals and objectives
-comparing prices of medical equipment
-calculating a company's cash flow
-figuring out the business's purpose
Answers
Answer:
identifying a consumer market
comparing prices of medical equipment
calculating a company's cash flow
Answer:
Establishing goals and objectives
Figuring out the business’s purpose
Explanation:
I got it correct ;)
Related Questions
helps us understand why the economy sometimes cools and sometimes overheats and what the government can do to moderate the fluctu
Answers
The economy sometimes cools and sometimes overheats because of different factors such as changes in consumer spending, business investments, and government policies.
The government can moderate the fluctuation of the economy through various measures. These measures include monetary policy, fiscal policy, and other regulatory policies.
Monetary Policy: This policy involves adjusting the money supply and the cost of borrowing to achieve the desired level of economic growth. The Federal Reserve is responsible for implementing monetary policy in the United States. When the economy is in a recession or experiencing slow growth, the Federal Reserve may lower interest rates and increase the money supply to encourage consumer spending and business investment. On the other hand, when the economy is overheating and inflation is a concern, the Federal Reserve may raise interest rates to reduce spending and cool down the economy.Fiscal Policy: This policy involves government spending and taxation. When the economy is experiencing a slowdown, the government can increase spending to stimulate economic growth. The government can also cut taxes to increase disposable income and encourage consumer spending. However, when the economy is overheating, the government may decrease spending and increase taxes to reduce consumer spending and cool down the economy.Regulatory Policies: These policies involve rules and regulations that govern various sectors of the economy. For example, the government can regulate the banking industry to ensure that banks do not take excessive risks that could lead to a financial crisis. The government can also regulate the energy sector to ensure that prices do not rise too high and hurt the economy.Conclusively, the government can moderate the fluctuation of the economy through various measures such as monetary policy, fiscal policy, and regulatory policies.
Learn more about economy: https://brainly.com/question/28210218
#SPJ11
PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Find out more on retirement contributions at https://brainly.com/question/6806179.
Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and sketch a diagram using aggregate demand and aggregate supply curves to illustrate your answer:
- A recession.
- A stock market collapse that hurts consumer and business confidence.
- Extremely rapid growth of exports.
- Rising inflation.
- A rise in the natural rate of unemployment.
- A rise in oil prices.
Answers
Expansionary fiscal policy should be implemented to deal with a recession, a stock market collapse that hurts consumer and business confidence, and a rise in the natural rate of unemployment.
Contractionary fiscal policy should be implemented in response to rising inflation and extremely rapid growth of exports. The impact of a rise in oil prices depends on the reason for the increase, but a contractionary fiscal policy may be appropriate if it causes a recession. Expansionary fiscal policy refers to government spending or tax cuts that increase aggregate demand. In contrast, contractionary fiscal policy refers to tax hikes or spending cuts that reduce aggregate demand. The ideal policy response to various macroeconomic situations differs. A recession: An economy that is producing below potential output is in a recession. Expansionary fiscal policy is most appropriate in this case, since it will increase aggregate demand, pushing it closer to potential output. A stock market collapse that hurts consumer's business confidence. A stock market collapse can reduce consumption and investment spending, which can reduce aggregate demand. In this case, an expansionary fiscal policy is appropriate to boost aggregate demand. Extremely rapid growth of exports: An increase in exports is a shift in aggregate demand, but it does not affect potential output. A contractionary fiscal policy may be appropriate in this case since it will reduce aggregate demand and prevent inflation. Rising inflation: Inflation can be caused by an increase in aggregate demand or a decrease in aggregate supply. A contractionary fiscal policy is most appropriate since it will reduce aggregate demand, leading to a decrease in inflation. A rise in the natural rate of unemployment: This is a supply-side shock that leads to a decrease in aggregate supply. The best policy response is expansionary fiscal policy, which will increase aggregate demand, leading to an increase in output and a decrease in the price level. A rise in oil prices: The impact of a rise in oil prices depends on the reason for the increase. If it is due to an increase in aggregate demand, a contractionary fiscal policy is appropriate. If it is due to a supply-side shock, such as a decrease in oil supply, expansionary fiscal policy may be appropriate if it causes a recession.
Expansionary fiscal policy should be implemented to deal with a recession, a stock market collapse that hurts consumer and business confidence, and a rise in the natural rate of unemployment. Contractionary fiscal policy should be implemented in response to rising inflation and extremely rapid growth of exports. The impact of a rise in oil prices depends on the reason for the increase, but a contractionary fiscal policy may be appropriate if it causes a recession.
Learn more about Expansionary fiscal policy here:
brainly.com/question/29768971
#SPJ11
Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.
Answers
Answer:
Distinguish among different types of financial institutions.
Explanation:
When using the indirect method to prepare the operating activities section of the statement of cash flows, the first amount listed is:.
Answers
When using the indirect method to prepare the operating activities section of the statement of cash flows, the first amount listed is: Net income.
What is operating activities?Operating activities has to do with the day to day activities involve in the running of a business.
When preparing the operating activities section of the statement of cash flows using indirect method the first step is to take the net income from the company or organization income statement.
Inconclusion the first amount listed is: Net income.
Learn more about Operating activities here:https://brainly.com/question/25530656
Hailey is a songwriter who collects royalties on her songs whenever they are played in a commercial or a movie. Hailey will earn $30 every time one of her songs is played in a commercial and she will earn $100 every time one of her songs is played in a movie. Hailey's songs were played on 4 times as many commercials as movies and her total earnings on the royalties from all commercials and movies was $440. Determine the number of commercials and the number of movies on which hailey's songs were played.
Answers
The sum of the earnings per movie (30) and the product of the number of movies where the song was played (m) plus the number of ads where the song was played (m) must equal $700.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period. They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a positive effect on stock prices.
30 c + 100 m = 700
14 is equal to the sum of the number of movies (m) and the number of commercials (c).
c+ m = 14
The apparatus is:
30 c + 100 m = 700
c+ m = 14
Learn more about earnings, here
https://brainly.com/question/4346653
#SPJ1
as a bond approaches maturity, the price of the bond will approach its par value until the bond is worth its face value at maturity. true false
Answers
The concept is Bonds, which are issued by governments and corporations when they want to raise money. . The answer is true.
As the bond nears maturity, its value steadily decreases until it reaches par on the maturity date. In this case, the investor will allocate a smaller amount than what he bought the bond for.
bonds, also known as fixed rate bonds, are used by governments or corporations to persuade plutocrats through their acceptance by investors. Bonds are typically issued to raise funds for specific programs.
The age of a bond relative to its maturity date can affect its price. In effect, the bondholder will receive the full face value of the bond at maturity. As the maturity date approaches, the price of the bond approaches its face value.
To know more about Bonds,
brainly.com/question/25965295
#SPJ4
Greg is a founder who needs more money to continue operating his company. The company has a path to profitability and greg does not want to dilute his equity. He borrows $100 million from the silicon valley bank. What is this an example of? venture capital equity capital debt capital private equity
Answers
The given case of GREG is an example of Debt capital
Borrowed money that needs to be paid back later is referred to as debt capital. Any type of expansion capital that a business obtains through borrowing is referred to here. These loans could be either short- or long-term, like overdraft protection. Legally, businesses must fully remit interest on debt capital before paying any dividends to shareholders. As a result, debt capital takes precedence over annual profits on a company's list of goals.
When it comes to the payment of yearly returns, debt capital scores higher than equity capital. Therefore, legally, the interest on any debt capital must be fully returned before any dividends are paid to any equity contributors.
To learn more about debt capital visit here:
https://brainly.com/question/1957305
#SPJ4
As a project manager, you want to integrate change management into your project. you do this by ensuring stakeholders are aware of the upcoming changes. you introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. these actions represent which change management best practice?
Answers
As a project manager, an action which ensuring stakeholders are aware of the upcoming changes, introducing the deliverable to stakeholders by hosting a demonstration and a question and answer forum would represent within the change management best practice is: a. Be proactive.
Who is a project manager?A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
As a project manager, there are five best practices that used must adopt to change management on your projects and these include the following:
Be proactive.Communicate upcoming changes to stakeholders.Follow a consistent process.Show and practice empathyMake use of tools.In this context, we can reasonably infer and logically deduce that all project managers are expected to be proactive by ensuring their stakeholders are aware of any upcoming change.
Read more on project manager here: brainly.com/question/27599974
#SPJ1
Complete Question:
As a project manager, you want to integrate change management into your project. You do this by ensuring stakeholders are aware of the upcoming changes. You introduce the deliverable to stakeholders by hosting a demonstration and a question and answer forum. These actions represent which change management best practice?
a. Be proactive
b. Practice empathy
c. Follow a consistent process
d. Use tools
governments promote and regulate natural monopolies in order to:
(A) Take on the costs of providing essential services.
(B) Maximize profits on goods that all citizens buy.
(C) Discourage new businesses from forming
(D) Compete with the private sector producing consumer goods.
Answers
Answer: A
Explanation: take on the costs of providing essential services
Governments promote and regulate natural monopolies in order to take on the cost of providing essential services. Therefore, option A is the correct option.
What are essential services?Essential services are those services that are provided by the government at a low cost or no cost at all. Such services are basic and essential in nature at the same time. The services are basic, such as hospital and medical care, education, food, and water, and so on.
The reason behind the monopoly of the government on essential goods is the welfare of the citizens and not profit-making like private organizations. Natural monopolies are encouraged and regulated by governments in order to cover the expense of providing important services. As a result, choice A is the best one.
Learn more about governments here:
https://brainly.com/question/1925443
#SPJ5
Insurance: An insurance company sells a 1 -year term life insurance policy to an 83 -year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 83 -year-old Noman will be ative 1 year later is 0,9561 . Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution, The probability distribution is
Answers
Given,An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. Let X be the profit made by the insurance company.
The profit made by the insurance company X is equal to the difference between the premium collected and the payout made.Profit (X) = Payout - Premium collectedNow, we need to find the probability distribution of profit made by the insurance company in one year, which is a random variable, given that the probability that an 83-year-old woman will be alive after one year is 0.9561.Let us calculate the probability of the woman's death in one year.
The probability of the woman's death in one year is given by:P(death in one year) = 1 - P(survival in one year)= 1 - 0.9561= 0.0439Using the probability of the woman's death, we can construct the following probability distribution table for profit: Where, if the woman dies, the profit of the insurance company will be $86,000. And if the woman survives, the profit of the insurance company will be -$4000.Profit X Probability$86,000 0.0439-$4,000 0.9561Thus, the probability distribution of profit made by the insurance company is as follows:Probability distribution of profit:Profit X Probability$86,000 0.0439-$4,000 0.9561Therefore, the probability distribution is:Profit X Probability$86,000 0.0439-$4,000 0.9561
To know more about probability distribution, visit:
https://brainly.com/question/29062095
#SPJ11
Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
Answers
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
To know more about Fiduciary Duty, refer to the link below:
https://brainly.com/question/31148084#
#SPJ11
Which of the following choices is not a step that can reduce your spending?
a.
eating at home, rather than dining out
b. using budgeted cash only
c. forgoing premium cable TV channels
d. purchasing reduced fat lattes during the week
Answers
Out of the given options, you won't reduce your spending by d. purchasing reduced fat lattes during the week.
How can we reduce spending?The best way to reduce spending is by spending less on things that we don't need or that we can do without.
In this case, spending on fat lattes won't be a way to reduce spending because they aren't very significant.
Find out more on needs and wants at https://brainly.com/question/4264848.
#SPJ2
who is likely to be in favor of a price ceiling on a good?
Answers
Answer:
A vast majority of Democrats and a few Republicans. On this recent vote, 11 Republicans voted with the Democrats.
Which describes the jobs of these three individuals?
O Prudence is a Special Education Teacher, Sangita is a Distance Learning Coordinator, and Edmond is
Psychologist
O Prudence is a Kindergarten Teacher, Sangita is a School Principal, and Edmond is an Educational Cou
O Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance
Counselor,
O Prudence is a Tutor, Sangita is an Instructional Coordinator, and Edmond is an Instructional Designer.
Answers
Answer:
Answer is C
Explanation:
Answer: C - Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance Counselor.
Explanation: good luck!
one purpose of crew resource management (crm) is to give crews tools to
Answers
Crew resource management (CRM) refers to the efficient use of all resources available for flight crew members in order to provide a safe and successful operation while lowering error, reducing stress, and boosting productivity.
Crew resource management assists teams in overcoming a variety of difficulties, including poor resource management, insufficient or unclear leadership, bad decision-making, and poor communication. CRM aims to enable a team to efficiently utilize all of its assets and competencies in order to accomplish its objectives.
The application of team management principles to flight operations is known as crew resource management (CRM). It focuses on interactions and communication between pilots, flight attendants, operations staff, maintenance staff, air traffic controllers, and other parties.
To learn more about management, click here.
https://brainly.com/question/14523862
#SPJ4
1. Identify the main innovations introduced by Apple since its founding
2. For each innovation, determine if it was incremental or radical
3. What resources and capabilities enabled Apple to innovate continuously?
4. What is Apple's core competence?
Answers
Apple's innovations, their nature, and the resources and capabilities that enabled their continuous innovation, as well as identifying their core competence, its founding include: iPod, iPhone, iPad, Apple Watch, and Apple Pay
1. Some of the main innovations introduced by Apple since its founding include: the Apple I computer, Apple II computer, Macintosh computer, iPod, iPhone, iPad, Apple Watch, and Apple Pay.
2. Regarding whether each innovation was incremental or radical:
- Apple I, Apple II, and Macintosh: These computers were radical innovations, as they introduced user-friendly interfaces and revolutionized personal computing.
- iPod: This was a radical innovation as it changed the way people consumed and managed music.
- iPhone: This was a radical innovation, as it transformed the mobile phone market and introduced a touchscreen smartphone.
- iPad: This was an incremental innovation, as it was an evolution of the iPhone, but introduced the tablet market.
- Apple Watch: This was an incremental innovation, as it extended Apple's product lineup into wearable technology.
- Apple Pay: This was an incremental innovation, as it built on existing mobile payment systems but made it more seamless and user-friendly.
3. Resources and capabilities that enabled Apple to innovate continuously include: strong leadership, a talented workforce, a culture of innovation, significant financial resources, and an established brand reputation.
4. Apple's core competence is their ability to design and develop user-friendly, innovative products that integrate software, hardware, and services, while maintaining a strong brand image and customer loyalty.
To know more about innovation, refer here:
https://brainly.com/question/15399992#
#SPJ11
Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
Answers
Answer:
3500 units
Explanation:
The quantity at which the Primetime inventory manager places his/her next order is the reorder point.
The reorder point is the minimum quantity of inventory that a business should have in its store.
The reorder point is calculated using the formula below.
(Average daily unit sales x delivery lead time) + safety stock
For Primetime, safety stock is not mentioned
reorder point =500 units x 7 days
=3500 units
After working as a head chef for years, Lionel gave up his $60,000 salary to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the bank at a rate of 5%. As the restaurant he was leasing had no separate office, Lionel converted his basement apartment into an office space. He had previously rented the apartment to a student for $300 a month. The following data summarizes his operations for the last year. Total Sales Revenue $590,000 Employee Wages $120,000 Materials $350,000 Interest on Loan Utilities Rent $5,000 $10,000 $25,000 What is Lionel's Accounting Profit? Show All Work. What is Lionel's Economic Profit? Show All Work. Given what you know about the markets for restaurants, the demand for restaurant meals and Lionel's bottom line for last year, should be stay? Should he go? What advice would you give him moving forward in 2023?
Answers
For the given revenue and other details answer of the following are,
Lionel's accounting profit is $100,000.
Lionel's economic profit is $38,000.
If Lionel is satisfied with his current income and enjoys running his own restaurant, he may choose to continue despite the lower economic profit.
If Lionel wants to maximize his earnings and has alternative opportunities to provide higher returns, may consider exiting restaurant business.
Lionel should carefully evaluate the financial performance of his restaurant, assess his personal goals and satisfaction,
and consider implementing strategies to improve profitability and long-term success.
To calculate Lionel's accounting profit, subtract his explicit costs (easily measurable costs) from his total revenue,
Total Revenue = $590,000
Explicit Costs
= Employee Wages + Materials + Interest on Loan + Utilities + Rent
= $120,000 + $350,000 + ($100,000 * 0.05) + $5,000 + $10,000
= $120,000 + $350,000 + $5,000 + $5,000 + $10,000
= $490,000
Accounting Profit
= Total Revenue - Explicit Costs
= $590,000 - $490,000
= $100,000
To calculate Lionel's economic profit, consider both explicit costs and implicit costs (opportunity costs or foregone alternative earnings).
Implicit Costs = Foregone Salary + Opportunity Cost of Savings
Foregone Salary = $60,000
Opportunity Cost of Savings = Savings × Interest Rate
Opportunity Cost of Savings = $50,000 × 0.04
= $2,000
Implicit Costs = $60,000 + $2,000
= $62,000
Economic Profit
= Accounting Profit - Implicit Costs
= $100,000 - $62,000
= $38,000
Now, considering Lionel's bottom line and the markets for restaurants, provide advice on whether he should stay or go.
If Lionel's accounting profit is positive ($100,000), it indicates that he is covering his explicit costs and generating a profit.
However, when considering economic profit, which accounts for both explicit and implicit costs, Lionel's economic profit is relatively low ($38,000).
This suggests that Lionel's business is not generating as much profit as he initially anticipated, considering the opportunity costs of his time, savings, and forgone salary.
The decision of whether Lionel should stay or go depends on his personal circumstances and goals.
Moving forward in 2023, Lionel should evaluate his business operations and identify areas for improvement.
Some possible advice could include,
Review and optimize costs,
Analyze the cost structure of the business and look for opportunities to reduce expenses without compromising the quality of food and service.
Increase sales and marketing efforts,
Explore marketing strategies to attract more customers and increase sales revenue.
This could involve online marketing, social media promotion, collaborations with local businesses, or offering special promotions.
Enhance operational efficiency,
Streamline processes in the kitchen and front of house to improve productivity and reduce wastage.
Efficient operations can lead to cost savings and better customer experiences.
Evaluate the menu,
Assess the popularity of different dishes and consider modifying the menu to focus on high-margin items
or introduce new offerings based on customer preferences and market trends.
Seek customer feedback,
Actively gather feedback from customers to identify areas for improvement and address any issues or concerns promptly.
Satisfied customers are more likely to become repeat customers and recommend the restaurant to others.
Monitor industry trends,
Stay updated on the latest trends in the restaurant industry,
such as dietary preferences, emerging cuisines, or innovative dining experiences.
Adapting to changing consumer demands can help attract a wider customer base.
learn more about revenue here
brainly.com/question/15061245
#SPJ4
Assume the $11,856 Treasury bill, 5% for 15 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to the nearest hundredth percent.)
Answers
To calculate the effective rate of interest on an\($11,856\) Treasury bill with a \(5% \\\)nominal rate for 15 weeks, follow these steps:
1. Convert the nominal rate to a decimal:\(5% ÷ 100 = 0.05\)
2. Calculate the interest earned for 15 weeks: Interest = Principal x Rate x (Time ÷ 52 weeks)
Interest =\($11,856 x 0.05 x (15 ÷ 52) ≈ $136.84\)
3. Calculate the maturity value: Maturity Value = Principal + Interest
Maturity Value \(= $11,856 + $136.84 ≈ $11,992.84\)
4. Calculate the effective annual rate using the formula: \((Maturity Value ÷ Principal)^(52 ÷ Time) - 1\)
Effective Annual Rate\(= ($11,992.84 ÷ $11,856)^(52 ÷ 15) - 1 ≈ 0.1261\)
5. Convert the decimal to a percentage and round to the nearest hundredth percent:\(0.1261 x 100 ≈ 12.61%\)
The effective rate of interest for this Treasury bill is approximately\(12.61%.\)
\(5% ÷ 100 = 0.05\)
Learn more about interest here:
https://brainly.com/question/30393144
#SPJ11
many companies view the marketing environment as a(n) __________ element to which they must react and adapt.
Answers
Many companies view the marketing environment as an Uncontrollable element to which they must react and adapt.
Market is a place where the consumers and sellers meet in order to purchase and sell goods respectively. Market runs on many factors which include the availability of the goods, the demand for the goods and easy flow of cash. According to some companies and experts marketing environment is uncontrollable as it comes with risks too. Also, the demand for a particular good cannot be controlled by the market as it solely depends on the consumers. For example, if there is a demand of milk chocolate in the market but market has surplus of dark chocolate then the demand for milk chocolate is uncontrollable. The risk factors include economic factors as well as the political factors.
Learn more about Market at:
brainly.com/question/26511540
#SPJ4
Netflix and wal-mart both did well during the recession. which factor of the business/marketing environment best explains this?
Answers
The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.
What is branding?It corresponds to a strategy of active management of a brand, creating value for it through its visual identity and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.
Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.
Find out more about branding here:
https://brainly.com/question/24456504
#SPJ1
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answers
Answer:
B
Explanation:
Controlling is another organizational goal
When explaining chemical reactions to a friend, Brianna models a reaction by combining ingredients to make a cake. Which type of chemical reaction is Brianna most likely explaining?
synthesis
decomposition
polymerization
replacement
Answers
When explaining chemical reactions to a friend, Brianna models a reaction by taking several colors of modeling clay and making a sculpture of a horse are synthesis chemical reaction.
Synthesis reactions are those that take place when two distinct atoms or molecules interact to create a new chemical or molecule. When a synthesis reaction takes place, energy is often released, and the reaction is exothermic.
What is synthesis chemical reaction?
when two or more components (compounds or elements) mix to create a new product, a compound with new qualities. They synthesize to create a new material, which is why the process is known as a synthesis.Synthesis is the process of creating chemical compounds through the reaction of simpler constituents. A difficult and complex task that necessitates the ongoing creation of novel reactions, catalysts, and procedures is the building of complex and defined new molecules.The production of water and the production of carbon dioxide are two typical examples of synthesis reactions. The reactants in the chemical equation for water are 2H2 and O2, and the result is 2H2O. The reactants in the chemical equation for carbon dioxide are 2CO and O2, and the result is 2CO2.To learn more about synthesis chemical reaction visit:https://brainly.com/question/16560802
#SPJ1
Answer:
A(Synthesis)
Explanation:
in a transitioning economy, why would privatization tend to raise a nation’s overall standard of living?
Answers
Option c) people are more likely to be productive when it benefits them personally.
A transition economy is an economy that is evolving from a command economy to a market economy.
Transition economies have undergone a series of structural transformations aimed at developing market-based institutions.
These include economic liberalization where prices are set by market forces rather than by central planning bodies.
It also removes trade barriers, privatizes state-owned enterprises and resources, reorganizes state-owned enterprises and collectively owned enterprises into enterprises, and creates a financial sector that promotes macroeconomic stability and the movement of private capital.
Used in the former Soviet Union and Eastern Bloc countries of Europe, it has also been applied to some Third World countries, with detailed studies of its economic and social impact.
Transitional processes are usually characterized by changes and creation of institutions, especially private companies.
Changing the role of the state, creating radically different state institutions, promoting private enterprise, markets and independent financial institutions
To learn more about transition economy, here:
https://brainly.com/question/2861587
#SPJ4
Complete question:
In a transitioning economy, why would privatization tend to raise a nations overall standard of living?
a) people are less likely to assume the risks of entrepreneurship
b) it places the means of production in the hands of the government
c) people are more likely to be productive when it benefits them personally
d) it places a nations ruling class in a position to administer the economy efficiently
When would you include an executive summary in a report?
Answers
Answer: Is B. When the report is 30 Pages long
Explanation: because I know
What show is considered the first netflix original?.
Answers
Answer:
House of Cards
Explanation:
2. Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least 2 direct competitors and 2 indirect competitors. (1-5 sentences. 4.0 points)
3. Describe at least 3 nonprice competition strategies a company could use to convince customers that its product is better than other similar products. Why would those strategies matter to customers? (1-6 sentences. 3.0 points)
4. Describe a real or made up but possible example of a product that went through a time of scarcity. What was likely to happen to the price of the product when it was scarce, and why? (1-3 sentences. 3.0 points)
5. Describe a product you know of that has elastic demand. Why is the demand for this product elastic? Explain. (1-3 sentences. 3.0 points)
Answers
The product can be Pizza Hut. Pizza Hut's immediate competitor is Domino's as they have the same price range and demand, while Burger King, McDonald's, and other burger chains are its indirect competitors.
Superior craftsmanship also means getting a product that is worth your money rather than a commodity that is cheap and breaks after one use. Having a pleasant, intriguing, and accessible website that buyers can access whenever they want to browse your products is a sign of a better. web presence.
Apple is a real or fictitious but conceivable example of a good that experienced a period of unavailability. As a result of nature, the plants were destroyed
Consumer durables are a case of goods with elastic demand. These are products that can be delayed if prices increase and are frequently bought, namely a washing machine.
Learn more about demand, here:
https://brainly.com/question/29761926
#SPJ1